Income Tax
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Addition of bogus LTCG not sustained since impugned scrip not in list of shares in investigation report
Mechanical U/s 153D Approval Voids Entire Search Assessment
No Corroboration, No Tax: Diary-Based Search Additions Deleted
Mere existence of related-party transaction does not trigger s.40A(2)(b)
Rectification Rejected as U/s 143(1) Intimation Had Attained Finality
Date of Satisfaction, Not Search, Governs U/s 153C Limitation Period
Local Authority Status of DDA Defeats TDS on Ground Rent
Bogus Purchases Must Be Taxed Under Section 69C, Not 37(1)
Penalty Deleted After Quantum Remand for Lack of Proper Hearing
Section 263 Quashed Where Assessing Officer Conducted Proper Enquiry
Reassessment Quashed as U/s 148 Notice Issued After TOLA Time Limit
Reassessment Quashed Due to Invalid Section 148 Notice
DDT Can’t Beat DTAA: ITAT Orders Refund at 10% Treaty Rate
Section 14A Disallowance Deleted Due to Availability of Own Funds
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
